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TORONTO, March 28 /CNW/ --
DAVID FRANKLIN NAMED CHIEF EXECUTIVE OFFICER OF SPROTT PRIVATE WEALTH
PAUL WONG JOINS SPROTT ASSET MANAGEMENT AS PORTFOLIO MANAGER
TORONTO, March 28 /CNW/ - Sprott Inc. (TSX: SII) ("Sprott" or the
"Company") today announced that David Franklin has been named Chief
Executive Officer of Sprott Private Wealth LP, a business unit of
Sprott that provides wealth management services to high-net worth
individuals, foundations and trusts.
"We are delighted to have David Franklin assume the role of CEO of
Sprott Private Wealth," said Peter Grosskopf, CEO of Sprott. "We
believe that Sprott Private Wealth has great potential for growth.
Since joining our organization in 2008, David has been a key
contributor in his role as Market Strategist, conducting macro-economic
analysis to help guide the portfolio management team's investment
decisions."
"I am very excited about this new role," said David Franklin, "We are
committed to providing our clients with customized investment
solutions, and access to unique investment opportunities such as
private placements for accredited investors. We believe this is a key
differentiator in the private wealth space."
Mr. Franklin joined Sprott Asset Management in 2008 as a Research
Analyst. Since then he has served as a Market Strategist, while also
co-writing the widely followed "Markets at a Glance" articles along
with Eric Sprott. Mr. Franklin previously worked at Integral Wealth
Securities and Toll Cross Securities in Institutional Equity Sales. He
has an Honours Degree in Economics from Wilfrid Laurier University.
Sprott is also pleased to announce that Paul Wong has joined Sprott
Asset Management LP, which manages the Sprott family of mutual funds,
hedge funds and managed accounts, as a Portfolio Manager.
"Paul is an industry veteran with specialization in natural resource
investing, asset allocation and macroeconomic research," said James
Fox, President of Sprott Asset Management. "Paul's addition to our
investment team enhances our capabilities and adds depth to our
best-in-class team. His training and experience as a Petroleum
Geologist also expands Sprott's growing team of technical, earth
scientists."
Mr. Wong has more than 20 years of experience in the investment
industry. Most recently he was a Portfolio Manager with Natcan
Investment Management, where he managed three natural resource-related
funds with more than $350 million in combined assets. Under Paul's
management, all three funds delivered above-median performance relative
to their respective peer groups for the three-year period ended
February 28, 2011. Previously, Paul was a proprietary trader with
Scotia Capital, and held portfolio management positions with TAL Global
Asset Management and Jones Heward Investment Counsel. Mr. Wong earned
his Bachelor of Science from the University of Toronto and holds the
Chartered Financial Analyst designation.
About Sprott Inc.
Sprott Inc. is a leading independent asset manager dedicated to
achieving superior returns for its clients over the long term. The
company currently operates through four business units: Sprott Asset
Management LP, Sprott Private Wealth LP, Sprott Consulting LP and
Sprott U.S. Holdings Inc. Sprott Asset Management is the investment
manager of the Sprott family of mutual funds and hedge funds and
discretionary managed accounts; Sprott Private Wealth provides wealth
management services to high net worth individuals; and Sprott
Consulting provides active management services to public and private
companies and partnerships, including Sprott Resource Corp. (TSX: SCP)
and Sprott Resource Lending Corp. (TSX: SIL) (NYSE AMEX: SILU) and
Sprott Power Corp. (TSX: SPZ). Sprott U.S. Holdings Inc. provides
specialized brokerage and asset management services. Sprott Inc. is
headquartered in Toronto, Canada, and is listed on the Toronto Stock
Exchange under the symbol "SII". For more information on Sprott Inc.,
please visit www.sprottinc.com.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2011/28/c7016.html
p bInvestor contact information:/b (416) 203-2310 or 1 (877) 403-2310 or a href="mailto:ir@sprott.com"ir@sprott.com/a /p